NEW YORK - The Treasury Department auctioned $21 billion of 9-year 11-month notes with a 2 5/8% coupon at a 3.340% high yield, a price of 94.002822.
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The bid-to-cover ratio was 2.92.
Tenders at the high yield were allotted 8.71%. All competitive tenders at lower yields were accepted in full.
The median yield was 3.259%. The low yield was 3.170%.
Tenders totaled $61,332,371,400 and the Treasury accepted $21,000,017,400 including $31,271,400 non-competitive.
The Fed banks bought $305,454,500 for their own account in exchange for maturing securities.
The notes, which are dated November 15, will mature November 15, 2020.
